"Explain how a profit maximizing firm determines its optimal level of output using marginal revenue and marginal cost as criteria" Essays and Research Papers

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    input output devices

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    and easy to operate and reprogram‚ hence why they are used in public places. Video digitiser - this takes an image from a video camera or television and converts it so that it can be used by‚ and stored on‚ a computer. Video sequences captured using a video digitiser are often used in multimedia presentations. Graphics tablet This consists of a flat

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    Explain analytically how trade unions can influence firm performance. How best should employers deal with trade unions? Introduction A trade union is an organisation of workers who have come together to achieve common goals such as increasing pay‚ increasing the number of employees which an employer hires‚ and improving working conditions. The trade union bargains with employers on behalf of all its members and negotiates labour contracts; the most common

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    CHAPTER 9 PROFIT PLANNING AND BUDGETING Questions‚ Exercises‚ Problems‚ and Cases: Answers and Solutions 9.1 See text or glossary at the end of the book. 9.2 A cost center is a responsibility center in which management is responsible only for costs. In a profit center‚ management is responsible for both costs and revenues. 9.3 An investment center is a responsibility center in which management is responsible for managing costsrevenues‚ and assets. A profit center is not responsible

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    Firm Formation

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    Firms did not flourish until the early 20th century. They emerged as an authorized structure and were granted exclusive rights to trade and conduct business in certain markets and products. The fact that firms are a different way to organize economic activities cannot explain explicitly and adequately the reason of firm formation. Many socialists and economists have given their interpretations of the conditions under which firms emerged and developed in certain ways in a specialised exchange economy

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    Input/Output Devices

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    Chapter 9 Input/Output Devices Contents: I. Introduction II. Input Devices a. Keyboard‚mouse‚joystick‚scanners‚digital camera‚ bar code reader‚ touch Sreeen‚Speech input device (microphone) III. Output Devices a. Monitor ‚ Speaker‚ Printers ( different types) ----------------------------------------------------------------------------------------I. Introduction The computer will be of no use unless it is able to communicate with the outside world. Input/Output devices are required for users to

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    Generally‚ the term cost of production refers to the ‘money expenses’ incurred in the production of a commodity. But money expenses are not the only expenses incurred on the production of a commodity. There are number of services and inputs such as entrepreneurship‚ land‚ capital etc.‚ which are offered by an entrepreneur without changing any price or receiving any payment for them. While computing the total cost of production‚ allowance should be made for such expenses. It is therefore essential

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    Profit and Loss

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    A01- Profit and Loss A profit and loss account is something businesses use to show them their revenuecosts and profits for that certain year‚ therefore showing the total amount of profit that the business has made that year‚ it is extremely important for the business‚ in particular for the accounts department who will refer to the profit and loss account a lot. This is because it clearly lays out what the business has spent‚ and what the business has brought in‚ it is easy for the business

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    Input/Output Devices

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    different applications or programs. A keyboard also has special keys that help operate the computer. 2. Mouse - The mouse is used to open and close files‚ navigate web sites‚ and click on a lot of commands (to tell the computer what to do) when using different applications. 3. Touch Screen - A touch screen is a computer screen or other screen that you can touch with your finger to enter information. Examples of touch screens include a smart board‚ a microwave‚ a dishwasher‚ or an ATM at a bank

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    CHAPTER 8 Cost-Volume-Profit Analysis ANSWERS TO REVIEW QUESTIONS 8-1 a. In the contribution-margin approach‚ the break-even point in units is calculated using the following formula: Break-even point = fixed expenses unit contribution margin b. In the equation approach‚ the following profit equation is used: sales volume ⎞ ⎛ unit variable sales volume ⎞ ⎛ unit fixed ⎜ ⎟ −⎜ ⎟ − ⎜ sales price × ⎟ ⎜ expense × ⎟ expenses = 0 in units ⎠ ⎝ in units ⎠ ⎝ This equation is solved for the sales volume in

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    EVALUATION OF THE SOFTWARE “LENDING SYSTEM OF AN EMPLOYEES ASSOCIATION: BASIS FOR SYSTEM DEVELOPMENT.” Evaluation Criteria 4 = Outstanding (O) 3 = Good (G) 2 = Satisfactory (S) 1 = Poor (P) User Interaction These criteria cover the user’s interaction with the program‚ the objectives and features of the program‚ and your analysis of it. 4 (O) 3 (G) 2 (S) 1 (P) 1. The purpose of the program is well defined and clearly explained to the user 2. The organization

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